June 25, 2020
Willkie’s Paris office represents the Republic of Djibouti in the creation of the Djibouti Sovereign Fund (Fonds Souverain de Djibouti).
On June 25, Willkie client the Republic of Djibouti, announced the creation of the Djibouti Sovereign Fund (Fonds Souverain de Djibouti - FSD). Established in the form of a public limited company under private law whose sole shareholder is and will remain the State of Djibouti, the Fund’s purpose and missions are fully aligned with the country's development goals. It is aimed at gathering and centralizing national wealth in order to increase Djibouti's capacity to invest in an optimized and efficient way and to modernize and maximize the country's economic potential and attractiveness.
The Fund's investments primarily target the Republic of Djibouti and countries with economic connections to it, particularly in the region of the Horn of Africa. The goal is to invest and co¬invest in key sectors of the economy such as telecoms, new technologies, energy, infrastructure, logistics, agriculture and fishing. The Fund will focus on projects that support sustainable growth and the implementation of energy transition.
The Willkie deal team was led by partner Amir Jahanguiri and included partner Gabriel Flandin and associates Raphael Bloch and Mathilde Vannson.
